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Transcript of Central Penn
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Central Penn College
Denise M. DunckleyPresidentStriking Changes, LLC
Real Life Marketing Strategies
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Words of Wisdom
• This is not in the text books! • If you interested marketing… we’ll assume:
– You’re not graduating with a law degree– You’re not graduating with a doctorial degree in
medicine– You’re graduating with a degree in Marketing!
Guess What! At some level, everyone on the outside thinks they can ‘do’ marketing.
Hence – your challenge!
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Words of Wisdom
• The saying goes, “Feast or Famine?”• Correctly stated in the marketing field is,
“Famine then Feast.”• Count on it.
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My Advice…
• Understand where you excel• Pick your niche• Become an expert• Blow it out of the water
Marketing is a HUGE space. Don’t profess to be an expert in everything out of the gate. There’s time for
that after 15-25 years!
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Know Yourself! Left Brain/Right Brain people
• There’s room for everyone in the Marketing Brain Game
• Who is Right/Brained? Who enjoys creating names, taglines, brands?
• Who is Left/Brained? Who likes doing competitive analysis? Who thinks about crunching costs?
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A Starting Point…What is Market Differentiation?
• Articulating the UNIQUE qualities of your products/services to the marketplace
• And it’s more than saying “Quicker, Cheaper, Better” -- (everyone says that!)
• It’s about creating a vibe and improving your impact
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Great Quote!
• “A company's ignorance of its own strongest qualities can sink it, -- and identifying those strengths is not easy.”
Jonathan Gaw IDC, Research Manager
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Five Steps to Successful Differentiation
1. Articulating Your Company, Service, or Product benefits
2. Understanding Your Target Audience or Customers
3. Picking Your Strengths4. Developing Your Positioning Statement5. Proving it!
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Articulating Your Company, Service, or Product
• Ask yourself, and answer, the tough questions:– Why is my company better?– How is my company better?– What do my customers say about me?– Why would I buy my own products?– What is my greatest asset?
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Understanding Your Target Audience
• How do my customers buy?– In person, on-line, direct mail, etc.
• Why do they buy?– Because I am solving a problem or providing a necessity?
• When do they buy?– Every week, once a month, once a year?
• Are my customers “one-time” or “repeat” buyers?• Are my customers buying on impulse or after careful
consideration?
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Picking Your Strengths
• Remember, you can’t be all things to all people.• As a society, and as a world, we are inundated
with information. The statistics are staggering.– “You have to select the material that has the best
chance of getting through.”» Positioning: The Battle for Your Mind» Al Ries and Jack Trout
• Target your message – keep it simple.
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Picking Your Strengths
• Define your company and/or your product in tangible attributes
• Quantitative measures– Speed, accuracy, price, amount
• Qualitative measures– Harder to identify… so, think in terms of
experience, expertise, inherent traits
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Developing Your Positioning Statement
• Once you’ve identified your strength -- in one phrase or less – encapsulate your message
• Less is more!– QVC – “Quality, Value and Convenience”– Nike – “Just Do It.”
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Fast Food Chains – Quick Identification
• Burger King – Have it your way• Dominos Pizza – Pizza in 30 minutes• Boston Market – Home cooked meals
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Products – Highly Competitive
• Listerine – Kills the bacteria• Aquafresh – Triple protection• Bounty Paper Towels – Quicker, Picker,
Upper• Hallmark Cards – Care to Send the very
best
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Add Value or Redefine Your Services
• Progressive Insurance – all quotes• Enterprise Rental Car – easy pick-up• Saturn – no hassle
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Prove IT!
• Be Credible -- put your name on it! • Offer a guarantee• Supply an incentive• Customer testimonials speak volumes
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Website Marketing
• Today the world revolves around the internet• E-Marketing is one of the hottest topics– it’s
cheap and it’s effective – bar none.• There is on-line marketing, viral marketing,
affinity marketing, etc.• This genre alone is a whole course study… so
we are going to look at “the window to the soul.”
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What makes an effective website?
• There are studies that say that 85% of CEO executives are unhappy with their websites.
• It’s no wonder because the rules of website applicability keep changing.
• Web marketing specialists in today’s market are on a full-tilt learning curve – the parameters for success WILL keep changing.
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Website Marketing for Today…
• Not in the text books… I believe there are five parameters by which to analyze website which will help bring most client websites up to a 90% efficiency/effectiveness rate.
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Rapid Impact Methodology*
1. Promote your Unique Selling Proposition (USP), business value and differentiators
2. Incorporate optimal brand and corporate identity components
3. Leverage applicable technologies to deliver leading-edge solutions
4. Provide a layout that instills a positive end user experience
5. Use your website as a communication tool to build and sustain customer loyalty
*Proprietary to Striking Changes, LLC
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Website Effectiveness
• In today’s market – a business may not drive revenue from the site –but almost every buyer is going to a site to make an initial interpretation of the business, make assumptions on credibility, and ultimately decide if he/she want to consider making a buying purchase in the future.
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What is a Marketing Strategy?
• This is where the rubber hits the road!• Don’t position yourself as a Strategist
unless you have at least 12-20 bases covered.
• The following will outline the areas where you need to be knowledgeable in order to provide a client with a full-blown strategy.
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Marketing Strategy Development
There are 5 facets to building a sound strategy for any client (according to Striking Changes, LLC).
1. Marketing Messaging2. Marketing Communications3. Stakeholder Communications4. Thought Leadership Initiatives5. Alliance Marketing
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Market Messaging
• Due DiligenceAnalyze and develop strategic value propositions and differentiators to create a set of key messages. Analyze business goals, objectives, revenue projections, target audiences, etc.
• Create PlanSelect and delineate marketing priorities, budgets, timelines, etc.
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Marketing Communications
• Sales CollateralWrite, design and print collateral.
• Customer References/Case studies/qualificationsBuild client case studies and testimonials to grow sales packages.
• World Wide WebUp-date web site to reflect new services.Research and submit qualifications for search engines on the Internet.
• AdvertisingBuild an integrated plan which may encompass print, radio, television, and/or other advertising opportunities.
• Interactive marketing and/or Direct Mail Campaigns
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Stakeholder Communications
• Public/Media RelationsLaunch focused PR campaign for national and/or local news sources. As available, include client testimonials to support promotion of new products or service as a way of adding credibility.
• Employee CommunicationsDevelop employee communications plan that announces news and sales updates.
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Thought Leadership Activities
Develop integrated approach to building general awareness and expertise whereby organization can own and establish a significant thought leadership position in the marketplace.• Event Management
Develop program of key events that will increase general awareness and help drive sales activities
• Newsletters/ArticlesDevelop schedule to write and promote perspectives on the pallet industry to build credibility as experts in the field.
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Alliance Marketing
• Send information via email and/or direct mail to alliances and partners to generate increased interest.
• Develop linkage with alliance programs to leverage cross-selling and cross-marketing initiatives.
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Closing…
• What’s in a name? Besides everything.• Who is Marion Morrison?
Marketing is knowing people, understanding how they think, how they buy, and why
they need your product… and stating why it’s the best.